LUO FINANCE ASSOCIATION

To provide the requisite platform for finance practitioners to influence policy direction of Pinyluo
and ensure strong and effective representation of issues affecting the effective operations of the
banking subsector of the economy in Luo land.

The Objectives of LFIA include:
a) To undertake programs and activities that create value for Joluo such as agriculture,
vocational development and self-help projects that create jobs and income.
b) To stimulate innovative and sustainable microfinance best practices that guarantee wealth
creation to the Joluo.
c) To provide the requisite platform for financiers to influence policy direction of Pinyluo and
ensure strong and effective representation of issues affecting the effective operations of the
financial institutions in Pinyluo.
d) To assist in capacity building of microfinance operators by periodic in-house training, and
seminars and research for the promotion and enhancement of microfinance operations in
Pinyluo.
e) To identify and encourage programs that will positively impact on the operations of
members by collaborating with organisations and bodies within and outside Pinyluo.
f) To carry out relevant research and development in the field of finance for the benefit of its
members in Pinyluo.
g) To ensure effective collaboration among members and with other organisations for the
benefit of all financial institutions’ stakeholders in Pinyluo.
h) To monitor and enforce transparency and professionalism in the operations of members of
the finance association.
i) To be an organ for the creation of an effective network for information dissemination among
members.
j) To encourage the establishment of a credit bureau to assist practitioners in sharing
information among members.
k) To create a data bank to serve the varying needs of the members.
l) To act as a liaison with members to create visibility on the global financial network.
m) To encourage performance reporting standards through the rendering of prompt, accurate
returns and the creation of effective performance standards to guide operators.
n) To promote transparency and professionalism among members for benchmarking purposes.
o) To promote financial institutions and the operations of rating agencies.
p) To protect and checkmate abuse of customers of financial institutions through the
development of appropriate codes of ethics.